China’s abrupt devaluation of the yuan this week is an acknowledgment from Beijing that its domestic economy needs help, a vulnerability that Chinese policy makers have played down during the escalating trade conflict with the US.
- China’s Yuan Could Weaken Past 7.5 if Trump Hikes Tariffs Further – CNBC
- China’s Forex Reserves Fall to $3.104 Trillion Amid Rising Trade Tensions – Reuters
- The Grey Area Between Currency Devaluation and Currency Manipulation – Yahoo Finance
China is drawing up new measures aimed at stabilising foreign trade, the official China Securities Journalreported on Thursday, to offset the effects of a bitter trade war with the United States.
A widely watched bond market indicator sent its strongest recession warning in more than a decade on Wednesday, as the global growth outlook dimmed and questions swirled about the Federal Reserve’s commitment to cut interest rates in light of rising US-China trade tensions.
The FX options data from the latest FX turnover surveys highlights a paradox – at a time when everyone is bemoaning the lack of volatility and opportunities in FX, trading in FX options has risen strongly.
Hong Kong’s Financial Secretary Paul Chan Mo-po noted that any attack on its currency could be dealt with adequately given its strong banking system and record currency reserves and at the same time warned that there was a real possibility the city could slip into recession.
Chicago Fed president says the central bank would need to lower rates by at least another quarter-percentage point to lift inflation back to 2% target.
Gold prices surged through $1,500 a troy ounce for the first time in over six years, driven by demand for a safe haven asset amid growing concerns about a slowdown in the global economy.
US Commodity Futures Trading Commission Chairman Heath Tarbert has announced further appointments to the CFTC’s executive leadership team.
The US National Futures Association has fined Gain Capital $50,000 for “failing to favourably adjust all customer orders adversely impacted by a recurring malfunction” in its e-platform.
The six largest non-bank liquidity providers in foreign exchange are publicly calling for the practice of last look to be eradicated and replaced with firm pricing.
Israeli binary options executive Lee Elbaz was found guilty of wire fraud for the part she played in a $145 million investment scam that targeted overseas investors.
This paper attempts to find out if the view of the public coincides with the opinion of the experts on the Bitcoin’s subject and to determine if is information can be implemented in order to establish a use of Bitcoin in our everyday lives.
The lack of central financial authority oversight means that digital currencies can be used to facilitate rampant tax evasion and, recently, the IRS and Tax Division of the Department of Justice pledged to focus on digital currency-related offenses.
Trading software provider Trading Technologies has decided to pull the plug on its cryptocurrency trading platform, TT Crypto, as it couldn’t attract a sufficient amount of retail users.
The cryptocurrency world is even more concentrated than most observers probably realize.
A tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives.
Three primary trading venues in the FX market saw volumes decline sharply in July, to reinforce last week’s reported drops from other platforms.
BNY Mellon has appointed Daniel Tenengauzer as head of markets strategy and insights and leader of its Aerial View market commentary platform.
For Europe’s lenders, the hits keep on coming.
As it seeks to appoint to senior roles in the division, the Federal Reserve Bank of New York has announced that it will restructure the leadership of its Markets Group to “best meet its critical responsibilities”.
Sterling’s recent slide is not yet over as the chances Britain and the European Union part ways without a withdrawal deal have jumped again after arch-Brexiteer Boris Johnson took over as prime minister last month, a Reuters poll found.
The economic stakes are rising very fast for the EU as Brexit D-Day nears.
Xi’s inability to convene long-delayed economic meeting is at the heart of uncertainty.
ASEAN countries will also be collateral damage as demand falls and exports are hit.
The yen was supported on Thursday, after global central banks startled markets with heavy rate cuts and threats of more to come as world economic risks grow, boosting the appeal of the safe-haven Japanese currency.